Covestro AG

XTRA:1COV Stock Report

Market Cap: €9.2b

Covestro Management

Management criteria checks 3/4

Covestro's CEO is Markus Steilemann, appointed in Aug 2015, has a tenure of 8.67 years. total yearly compensation is €4.66M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth €1.45M. The average tenure of the management team and the board of directors is 2.7 years and 5.7 years respectively.

Key information

Markus Steilemann

Chief executive officer

€4.7m

Total compensation

CEO salary percentage27.8%
CEO tenure8.7yrs
CEO ownership0.02%
Management average tenure2.7yrs
Board average tenure5.7yrs

Recent management updates

We Think Shareholders May Want To Consider A Review Of Covestro AG's (ETR:1COV) CEO Compensation Package

Apr 09
We Think Shareholders May Want To Consider A Review Of Covestro AG's (ETR:1COV) CEO Compensation Package

How Is Covestro's (ETR:1COV) CEO Compensated?

Dec 21
How Is Covestro's (ETR:1COV) CEO Compensated?

Recent updates

Covestro (ETR:1COV) Takes On Some Risk With Its Use Of Debt

Mar 20
Covestro (ETR:1COV) Takes On Some Risk With Its Use Of Debt

Is Covestro AG (ETR:1COV) Trading At A 38% Discount?

Feb 01
Is Covestro AG (ETR:1COV) Trading At A 38% Discount?

Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?

Dec 01
Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?

Should You Investigate Covestro AG (ETR:1COV) At €47.18?

Nov 13
Should You Investigate Covestro AG (ETR:1COV) At €47.18?

Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?

Oct 08
Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?

Is Covestro (ETR:1COV) Using Too Much Debt?

Aug 21
Is Covestro (ETR:1COV) Using Too Much Debt?

Is It Time To Consider Buying Covestro AG (ETR:1COV)?

Jul 31
Is It Time To Consider Buying Covestro AG (ETR:1COV)?

An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 27% Undervalued

Jun 25
An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 27% Undervalued

Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?

May 02
Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?

Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?

Feb 04
Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?

Is Covestro (ETR:1COV) A Risky Investment?

Jan 19
Is Covestro (ETR:1COV) A Risky Investment?

Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Dec 12
Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Estimating The Intrinsic Value Of Covestro AG (ETR:1COV)

Oct 23
Estimating The Intrinsic Value Of Covestro AG (ETR:1COV)

Is Covestro (ETR:1COV) Using Too Much Debt?

Sep 14
Is Covestro (ETR:1COV) Using Too Much Debt?

Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Aug 18
Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Is Covestro (ETR:1COV) Using Too Much Debt?

Jun 16
Is Covestro (ETR:1COV) Using Too Much Debt?

Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?

May 11
Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?

Covestro (ETR:1COV) Will Pay A Larger Dividend Than Last Year At €3.40

Apr 20
Covestro (ETR:1COV) Will Pay A Larger Dividend Than Last Year At €3.40

Covestro's (ETR:1COV) Dividend Will Be Increased To €3.40

Apr 06
Covestro's (ETR:1COV) Dividend Will Be Increased To €3.40

Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?

Feb 09
Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?

Covestro (ETR:1COV) Seems To Use Debt Rather Sparingly

Dec 29
Covestro (ETR:1COV) Seems To Use Debt Rather Sparingly

When Should You Buy Covestro AG (ETR:1COV)?

Oct 27
When Should You Buy Covestro AG (ETR:1COV)?

Is It Time To Consider Buying Covestro AG (ETR:1COV)?

Jul 08
Is It Time To Consider Buying Covestro AG (ETR:1COV)?

Is Covestro (ETR:1COV) A Risky Investment?

Jun 23
Is Covestro (ETR:1COV) A Risky Investment?

An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 32% Undervalued

May 10
An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 32% Undervalued

We Think Shareholders May Want To Consider A Review Of Covestro AG's (ETR:1COV) CEO Compensation Package

Apr 09
We Think Shareholders May Want To Consider A Review Of Covestro AG's (ETR:1COV) CEO Compensation Package

Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Mar 28
Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?

Here's Why Covestro (ETR:1COV) Can Manage Its Debt Responsibly

Mar 14
Here's Why Covestro (ETR:1COV) Can Manage Its Debt Responsibly

What Type Of Shareholders Make Up Covestro AG's (ETR:1COV) Share Registry?

Mar 01
What Type Of Shareholders Make Up Covestro AG's (ETR:1COV) Share Registry?

Is Covestro AG (ETR:1COV) A Strong Dividend Stock?

Feb 16
Is Covestro AG (ETR:1COV) A Strong Dividend Stock?

Is Covestro AG (ETR:1COV) Trading At A 50% Discount?

Feb 03
Is Covestro AG (ETR:1COV) Trading At A 50% Discount?

Did You Participate In Any Of Covestro's (ETR:1COV) Fantastic 125% Return ?

Jan 20
Did You Participate In Any Of Covestro's (ETR:1COV) Fantastic 125% Return ?

Covestro AG's (ETR:1COV) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Jan 05
Covestro AG's (ETR:1COV) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

How Is Covestro's (ETR:1COV) CEO Compensated?

Dec 21
How Is Covestro's (ETR:1COV) CEO Compensated?

Is It Too Late To Consider Buying Covestro AG (ETR:1COV)?

Dec 08
Is It Too Late To Consider Buying Covestro AG (ETR:1COV)?

Is Covestro AG (ETR:1COV) Popular Amongst Institutions?

Nov 25
Is Covestro AG (ETR:1COV) Popular Amongst Institutions?

CEO Compensation Analysis

How has Markus Steilemann's remuneration changed compared to Covestro's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023€5m€1m

-€198m

Sep 30 2023n/an/a

-€910m

Jun 30 2023n/an/a

-€867m

Mar 31 2023n/an/a

-€714m

Dec 31 2022€4m€1m

-€272m

Sep 30 2022n/an/a

€929m

Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€2b

Dec 31 2021€5m€1m

€2b

Sep 30 2021n/an/a

€2b

Jun 30 2021n/an/a

€1b

Mar 31 2021n/an/a

€832m

Dec 31 2020€4m€1m

€459m

Sep 30 2020n/an/a

€184m

Jun 30 2020n/an/a

€152m

Mar 31 2020n/an/a

€393m

Dec 31 2019€4m€1m

€552m

Sep 30 2019n/an/a

€594m

Jun 30 2019n/an/a

€943m

Mar 31 2019n/an/a

€1b

Dec 31 2018€4m€916k

€2b

Sep 30 2018n/an/a

€2b

Jun 30 2018n/an/a

€2b

Mar 31 2018n/an/a

€2b

Dec 31 2017€2m€552k

€2b

Compensation vs Market: Markus's total compensation ($USD4.96M) is about average for companies of similar size in the German market ($USD5.59M).

Compensation vs Earnings: Markus's compensation has increased whilst the company is unprofitable.

CEO

Markus Steilemann (53 yo)

8.7yrs

Tenure

€4,659,000

Compensation

Dr. Markus Steilemann has been the Member of Supervisory Board of Fuchs Petrolub SE since May 03, 2022. He is Member of Management Board since August 20, 2015 of Covestro AG and serves its Chairman of Mana...

Leadership Team

NamePositionTenureCompensationOwnership
Markus Steilemann
CEO & Chairman of Management Board8.7yrs€4.66m0.016%
€ 1.5m
Christian Baier
CFO & Member of Management Boardless than a year€5.83mno data
Sucheta Govil
Chief Commercial Officer & Member of Management Board4.6yrs€2.39m0.0079%
€ 723.2k
Thorsten Dreier
CTO & Member of Management Boardless than a year€3.21m0.0025%
€ 232.5k
Ronald Koehler
Head of Investor Relationsno datano datano data
Uwe Arndt
Head of MDI Siteno datano datano data
Nils Janus
Head of Artificial Intelligenceno datano datano data
Sophie von Saldern
Global Head of Human Resourcesno datano datano data

2.7yrs

Average Tenure

53yo

Average Age

Experienced Management: 1COV's management team is considered experienced (2.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Pott
Independent Chairman of Supervisory Board8.7yrs€378.00kno data
Petra Kronen
Vice Chairman of Supervisory Board8.5yrs€261.00kno data
Lise Kingo
Member of the Supervisory Board3yrs€189.00kno data
Patrick Thomas
Independent Member of Supervisory Board3.8yrs€226.00kno data
Regine Stachelhaus
Independent Member of Supervisory Board8.5yrs€196.00kno data
Petra Reinbold-Knape
Member of Supervisory Board4.3yrs€198.00kno data
Christine Bortenlanger
Independent Member of Supervisory Board8.5yrs€177.00kno data
Sven Schneider
Shareholder Representative Member of the Supervisory Board2yrs€221.00kno data
Irena Küstner
Member of Supervisory Board8.5yrs€177.00kno data
Marc Stothfang
Member of Supervisory Board7.2yrs€162.00kno data
Christoph Gurtler
Employee Representative Member of the Supervisory Board2yrs€197.00kno data
Frank Lollgen
Employee Representative Member of the Supervisory Board2yrs€128.00kno data

5.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 1COV's board of directors are considered experienced (5.7 years average tenure).

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